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Affordable Calgary Homes for Sale Under $500,000 
Looking for Calgary homes for sale under $500,000? Discover an array of affordable properties in one of Canada’s most dynamic cities. In Calgary’s thriving real estate market, buyers can enjoy exceptional value without compromising on quality or convenience. Whether you are a first-time buyer, a savvy investor, or someone ready to downsize, affordable Calgary homes provide the perfect opportunity to secure a comfortable lifestyle in a vibrant community.
Our comprehensive listings showcase a variety of properties under $500,000, from cozy condos to charming single-family homes. Each listing is carefully selected for its prime location, modern amenities, and potential for future growth. Many of these homes are situated in family-friendly neighborhoods, close to top-rated schools, parks, shopping centers, and essential services. This makes owning a home not only a smart financial investment but also a gateway to enjoying Calgary’s exceptional quality of life.
By leveraging expert insights and in-depth market knowledge, you can confidently navigate the competitive Calgary market. Explore our selection today and let us help you find the ideal home that fits your budget and lifestyle, turning your dream of homeownership into a reality.
Contact Diane Richardson
Phone: 403.397.3706
Email: diane@mypadcalgary.com
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PENHOLD PROPERTY FOR SALE
When searching Penhold listings click on DETAILS to view information about the listing and click on MORE... to view the property on a map, schedule a showing, email the listing or check affordability on the mortgage calculator. Every effort is made to make it as easy as possible for you to find and learn about Penhold land, houses, condos, and townhouses on AlbertaTownandCountry.com.
Diane Richardson @ 403-397-3706 (call or text) or email Diane@drichrealty.com
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205 25 Robinson Avenue: Penhold Apartment for sale : MLS®# A2256991
205 25 Robinson Avenue Penhold Penhold T0M 1R0 $144,500Residential- Status:
- Active
- MLS® Num:
- A2256991
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 912 sq. ft.85 m2
Bright and spacious 2-bed, 1-bath condo in Penhold! One of the largest units in the building, featuring in-suite laundry, a functional kitchen, and plenty of natural light. Comes with an assigned powered parking stall for year-round convenience. Condo fees include heat, water, garbage, and recycling. Pets under 20 lbs allowed with board approval. Affordable and rarely available! More detailsListed by Royal LePage Network Realty Corp.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1221 Lucina Street: Penhold Detached for sale : MLS®# A2262948
1221 Lucina Street Penhold Penhold T0M 1R0 $179,900Residential- Status:
- Active
- MLS® Num:
- A2262948
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 893 sq. ft.83 m2
A 2 bedroom home on a large lot! The front entryway greets you to the living room that features a vinyl window with view to the front yard. White melamine kitchen cabinets are complemented by full tile backsplash and an island. There are two bedrooms both with laminate flooring. The back entryway has a laundry area. The large yard has a wood deck and an oversized shed that could be used as a shop. Close proximity to amenities. More detailsListed by Century 21 Maximum- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1321 Flemming Avenue: Penhold Detached for sale : MLS®# A2248198
1321 Flemming Avenue Penhold Penhold T0M 1R0 $275,000Residential- Status:
- Active
- MLS® Num:
- A2248198
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 1,296 sq. ft.120 m2
Full of charm and thoughtful updates, this extensively renovated home sits on a rare triple lot in the friendly community of Penhold. From the moment you step inside, you'll appreciate the soaring high ceilings, character-rich original hardwood floors, and the cozy warmth of the wood-burning stove with stylish tile firewall—features that combine to create a space both spacious and inviting. The home maintains its original character while benefiting from numerous modern upgrades. Ideal for green thumbs and outdoor enthusiasts, the property includes a huge garden plot, its own private irrigation well, mature raspberry bushes, and a variety of apple and other fruit trees. Additional features such as a bright sunroom, a practical greenhouse, and a 13'-10" x 19'-8" detached garage provide ample space for hobbies, relaxation, or extra storage. Some updates & renovations include: electrical wiring and an upgraded panel, newer insulation in both the walls and attic, updated Vinyl windows, and refresh paint throughout. A high-efficiency furnace and hot water tank ensure year-round comfort, while the convenience of main-floor laundry adds to the home’s functional appeal. The bathroom is impressively large, featuring an oversized soaker tub and a dual-head walk-in shower—perfect for unwinding in spa-like comfort. Just 10 minutes from Red Deer, this location offers a peaceful small-town feel with quick access to city amenities. Penhold itself boasts a wide range of conveniences, including a modern recreation center w/ gym, arena, library, campground, parks, scenic walking paths, a grocery store, pubs & restaurants, and a variety of local businesses. Whether you're looking to put down roots, enjoy more space, or invest in a home full of character and comfort, this unique Penhold property delivers it all. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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26 Hutton Place: Penhold Row/Townhouse for sale : MLS®# A2264838
26 Hutton Place Penhold Penhold T0M 1R0 $314,900Residential- Status:
- Active
- MLS® Num:
- A2264838
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 749 sq. ft.70 m2
Welcome to your next move in the beautiful and growing community of Penhold. Built in 2018, with 1396 sq ft of total living space, this modern and airy bi-level town home offers the perfect blend of comfort and style. With 3 bedrooms and 2 bathrooms, the home features a bright open-concept layout accented by fresh, neutral tones and large windows that fill the space with natural light. The kitchen, with its stainless steel appliances, gleaming tile backsplash, and easy-to-maintain cupboards, flows seamlessly into the surrounding living areas, creating a warm and inviting atmosphere that is ideal for both relaxation and entertaining. Enjoy durable laminate flooring throughout the main living spaces and soft carpeting in the bedrooms for added comfort. Outside, you’ll find a fully fenced back yard and comfortably sized deck—perfect for kids, pets, or summer BBQs—and convenient off-street parking. Backing schools and the Multiplex is the final cherry on top for this move-in-ready home. Whether you’re a first-time buyer, downsizer, or investor, this move-in-ready home combines modern design with practical living in a friendly community. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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144 Henderson Crescent: Penhold Row/Townhouse for sale : MLS®# A2251337
144 Henderson Crescent Penhold Penhold T0M 1R0 $344,000Residential- Status:
- Active
- MLS® Num:
- A2251337
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 759 sq. ft.70 m2
Welcome home to this beautifully updated Bi-level townhouse, perfectly located in Penhold with schools, shopping, and quick access to Red Deer or Innisfail just minutes away. Recently renovated and move in ready with new appliances and hot water tank. Step inside and enjoy a fresh, modern atmosphere with new luxury vinyl plank flooring, carpet and contemporary paint colours. The vaulted ceilings and open-concept main floor create a bright airy space where you can cook in the well-designed kitchen, visit with family at the eating bar, or step out onto the deck to relax with your morning coffee while overlooking the large backyard. The primary bedroom and 4-piece bath on the main floor provide comfort and convenience, while the finished lower level offers two additional bedrooms, a full bath, and a family room perfect for movie nights, kids' play, or hosting guests. Outside, you'll love the oversized pie-shaped lot with plenty of room for barbecues, gardening, or backyard games. The newly built oversized super single garage (insulated, drywalled, powered) gives you space to tinker on projects or store toys, while the extra RV parking makes it easy to head out on adventures. The low-maintenance vinyl fencing means more time enjoying your home and less time on upkeep. Why you'll love living here: Bright, open spaces designed for gathering and relaxing, A backyard built for entertaining and family fun. Room for hobbies, vehicles, and RVs with the oversized garage & parking. A quiet town feel with city conveniences just minutes away. More detailsListed by REMAX ACA Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1004 Minto Street: Penhold Row/Townhouse for sale : MLS®# A2259288
1004 Minto Street Penhold Penhold T0M 1R0 $344,900Residential- Status:
- Active
- MLS® Num:
- A2259288
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,425 sq. ft.132 m2
NO CONDO FEES! Welcome to this beautifully maintained 1,425 sq ft home in the heart of Penhold — just minutes from Red Deer. This bright and inviting 4-plex is designed for modern living, with an open-concept main floor that features large windows, durable laminate flooring, and a spacious living area filled with natural light. The well-appointed kitchen includes a central island and opens onto a private back deck through sliding patio doors — perfect for seamless indoor-outdoor living. A convenient 2-piece bathroom completes the main level. Upstairs, you'll find three generous bedrooms, including a primary suite with a walk-in closet and a 4-piece ensuite. An additional full bathroom and an upper-floor laundry area add comfort and functionality. Enjoy the convenience of a single attached garage and a fully fenced backyard — ideal for relaxing or entertaining. Recent upgrades include refreshed lighting, a new microwave, and freshly painted deck and fencing. Located in a vibrant community, Penhold offers amenities such as a recreation center with a fitness area, lounge, library, skate park, and splash park — making it a fantastic place to call home. This pristine property is move-in ready and waiting for you! More detailsListed by 2 Percent Realty Advantage- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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236 Halifax Close: Penhold Row/Townhouse for sale : MLS®# A2211165
236 Halifax Close Penhold Penhold T0M 1R0 $352,900Residential- Status:
- Active
- MLS® Num:
- A2211165
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,418 sq. ft.132 m2
This to be constructed Larkaun Homes townhouse could be your next home! You will appreciate the upgrades throughout this 3 bedroom, 2 1/2 bathroom two storey. The curb appeal is accented by the covered front veranda. The entryway greets you to the living room that is flooded with natural light through the large front window. Ceiling height, kitchen cabinets are accented by crown moldings, full tile decorative backsplash, a large island eating bar with pendant lighting above, quartz countertops & a corner pantry. There is an oversized window overlooking the backyard from the dining room. The large back entryway is very functional with space to hang your coats & store your footwear. Follow the wrought iron railings upstairs to the 3 bedrooms. The king sized primary bedroom has a walk in closet and a 4 pce ensuite. The other 2 bedrooms share a 4 pce bath. There is an upper floor laundry room for your convenience. Don't worry about the extra cost for landscaping, these townhouses come complete with sod & fence so that you can just move in and start enjoying your new home! The undeveloped basement has roughed-in plumbing for a future bathroom, a high efficient furnace & an electric hot water tank. A new home buyer program with the Town of Penhold is in effect which means individuals purchasing a newly constructed home (never been lived in home) in Penhold can apply for the program and it is a municipal tax reduction of 50% the first year, and 25% the second year they own the home. Taxes have not been assessed yet. More detailsListed by Century 21 Maximum- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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20 Larne Place: Penhold Detached for sale : MLS®# A2230765
20 Larne Place Penhold Penhold T0M 1R0 $362,000Residential- Status:
- Active
- MLS® Num:
- A2230765
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,062 sq. ft.99 m2
PRE-INSPECTION HAS BEEN DONE!! Charming & Updated Family Home with 3+1 Bedrooms, RV Parking & Private Backyard. Welcome to this spacious and beautifully updated home offering 3 bedrooms plus a versatile den that can easily serve as a fourth bedroom. Ideal for families and hobbyists alike, this home boasts a generous living room with a cozy wood-burning fireplace, now enhanced with a stylish new tile surround. Entertain with ease thanks to a wet bar, oversized laundry room, and an abundance of storage space throughout. The functional layout continues with upper and lower decks overlooking a peaceful backyard lined with mature trees for ultimate privacy. Enjoy practical features like RV parking, a detached single garage, and a large shed for even more storage. The basement includes a dedicated workshop complete with a built-in workbench—perfect for DIY projects or crafts. Recent Upgrades Include: Newer windows throughout, Brand-new stove, Bosch dishwasher, and range hood,Stylish new tile flooring, New pressure-treated fence, All new light fixtures, ceiling fans, and LED pot lights, Updated bathrooms with new taps, New hot water tank and sump pump, Backup sump pump and a 1.5 cubic ft water softener with a 10” pre-filter. This well-cared-for home blends comfort, functionality, and thoughtful upgrades in a desirable setting. Don’t miss your chance to own this move-in-ready gem! More detailsListed by Royal LePage Network Realty Corp.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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2029 Minto Street: Penhold Detached for sale : MLS®# A2261238
2029 Minto Street Penhold Penhold T0M 1R0 $364,000Residential- Status:
- Active
- MLS® Num:
- A2261238
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 920 sq. ft.86 m2
Set on an expansive 7,400 sq ft lot, this home offers standout curb appeal and plenty of room to build your dream garage. Step into your own landscaped retreat, featuring a garden and a covered deck—perfect for morning coffee or relaxing evenings. Inside, you'll find four generously sized bedrooms, two full bathrooms, and a smart, welcoming layout designed for comfortable living. Located just minutes from schools, parks, and everyday conveniences, this home delivers on space, charm, and location. Recent updates include new carpet in the living area, duct and furnace cleaning (March 2025), a new hot water tank (2021), and a new window in the secondary main-floor bedroom. Don’t miss out on the opportunity to make this your next home! More detailsListed by Century 21 Maximum- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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146 Newton Drive: Penhold Detached for sale : MLS®# A2257366
146 Newton Drive Penhold Penhold T0M 1R0 $379,900Residential- Status:
- Active
- MLS® Num:
- A2257366
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 878 sq. ft.82 m2
Step into this immaculate 2012 bi-level home in the vibrant and family-friendly community of Penhold. Featuring 3 bedrooms and 2 full bathrooms, this property is move-in ready with brand new carpeting on the main floor and new laminate flooring in the basement family room and bedroom. The bright open floor plan offers two bedrooms and a full bath on the main, while the fully finished basement provides a spacious family/games area, an additional bedroom, and a second 4-piece bathroom. A large laundry room with laundry sink adds extra functionality. Hot water tank is one year old and has 7 year warranty, Dryer and main floor toilet is also new. The beautifully landscaped yard is perfect for kids and pets, with room for RV parking. Living in Penhold means enjoying small-town charm with big-city conveniences close by—walk to the elementary school and splash park, while still being minutes from Red Deer. Residents love the local multi-plex with arena, fitness centre, library, new schools and walking paths, along with convenient shopping and dining options. With a high-efficiency furnace, fresh updates, and a welcoming community, this is a perfect home for a growing family! More detailsListed by Royal LePage Network Realty Corp.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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114 Robinson Avenue: Penhold Detached for sale : MLS®# A2241368
114 Robinson Avenue Penhold Penhold T0M 1R0 $399,900Residential- Status:
- Active
- MLS® Num:
- A2241368
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,095 sq. ft.102 m2
Lovely 4 Bed, 3 Bath, with double car garage, fenced back yard. Welcome to this beautiful bi-level home located in the heart of Penhold, Alberta. Offering 4 bedrooms and 3 full bathrooms, this home is perfect for families, commuters, or anyone looking to enjoy the best of small-town living just minutes from the city. Step inside and be greeted by vaulted ceilings, a large welcoming entry way, and large east-facing windows. In addition there are charming character cut-outs that add both space and personality. The open-concept main floor boasts a bright living area and a well-appointed kitchen with plenty of cabinetry, perfect for those who love to cook or entertain. The large primary bedroom is bright and private, with nice walk in closet and 3 pce ensuite. The large open basement has a beautiful corner fireplace, there are also 2 nice sized bedrooms, and another 4 pce bathroom in the basement. Enjoy some extras, such as central air, central vacuum, sump pumps, and a water softener system, already in place. The fully landscaped and fenced yard includes a west-facing deck—ideal for evening BBQs and relaxing sunsets. Additional highlights include, double detached garage with back alley access, Located in a quiet, family-friendly neighborhood, close to schools, the Penhold Multiplex, shopping, and parks Just 5 minutes to the QEII, making commuting to Red Deer and beyond a breeze Whether you’re a growing family or downsizing without compromise, this home offers the perfect blend of comfort, space, and convenience. Enjoy the peace and charm of small-town living, with all the amenities, just a short drive away. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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10 Waskasoo Avenue: Penhold Commercial Land for sale : MLS®# A2105866
10 Waskasoo Avenue Penhold Penhold T0M 1R0 $424,999Land- Status:
- Active
- MLS® Num:
- A2105866
Located on the northwest corner of Highway 42 and Waskasoo Avenue in Penhold, this 0.65 acre parcel, to be subdivided, is available for sale. All groundwork and gravel has been completed, and there is a 26 stall paved parking lot on the property with space to construct a 5,373 SF building on the site. The property is in the heart of new commercial and residential development, with close proximity to the Penhold Regional Multiplex and Penhold Crossing Secondary School. More detailsListed by RE/MAX Commercial Properties- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email